The Ministry of Commerce responds to the progress of the China-EU electric vehicle anti-subsidy case.

On September 10th, the spokesperson of the Ministry of Commerce stated that the situation of the electric vehicle anti-subsidy case is complex and has a wide impact. The consultations between China and the EU have reached a consensus, which poses certain challenges. However, China believes that as long as the European side shows sincerity and takes a reciprocal approach, the concerns of both sides can be resolved through negotiations. China is willing to continue close cooperation with the European side to reach a solution that is in line with the common interests of both parties and the rules of the World Trade Organization, and to promote the healthy and stable development of China-EU economic and trade relations. At the same time, the spokesperson of the Ministry of Commerce introduced that on September 9th, Deputy Minister of Commerce Li Fei and his delegation held talks with Director-General of the Trade Directorate-General of the European Commission, Weiland, in Brussels, Belgium. They once again expressed the hope to the European side for dialogue and consultations to properly resolve the China-EU economic and trade frictions and address each other's concerns.

The Ministry of Commerce: Since the European Union announced an anti-subsidy investigation into Chinese electric vehicles, the Chinese government and industry have been committed to resolving the issue through dialogue and consultations.

The EU may reduce the proposed tariff on electric vehicles imported from China.

On September 10th, according to informed sources, the EU is preparing to slightly lower the proposed tariff on electric vehicles imported from China. Among them, the tax rate on Tesla electric vehicles imported from China will be adjusted from the proposed 9% to slightly below 8%. It is reported that the EU made the above adjustments based on new information provided by various companies. Since the end of June, China and the EU have conducted more than ten rounds of technical consultations on this case based on facts and rules.

CLSA Cars: Some analysts pointed out that the EU's imposition of tariffs on Chinese electric cars may instead lead to a loss of investment from China.

Tianjin has issued an implementation plan for the old-for-new policy, with the highest subsidy for new energy passenger vehicles being 0.015 million yuan.

On September 10, the General Office of the Tianjin Municipal People's Government issued the "Implementation Plan for Tianjin's Efforts to Support the Trade-In of Consumer Goods for New Ones", which mentions the support for the replacement of personal passenger vehicles. In order to implement the requirements of the "Notice of the Ministry of Commerce and 7 other departments on furthering the work related to the trade-in of old cars for new ones", efforts will be made to stabilize and expand auto consumption, and carry out subsidy activities for the replacement of cars. Individual consumers will receive a subsidy of 0.015 million yuan for selling their old cars meeting the conditions under their own names and purchasing a qualified new energy passenger vehicle, or a subsidy of 0.01 million yuan for purchasing a qualified rbob gasoline passenger vehicle.

Caixin Auto: Tianjin intensifies subsidies.

CPCA: New energy vehicle sales in August reach 1.1 million units, a year-on-year increase of 30%.

On September 10, data from the CPCA showed that in August, the production and sales of new energy vehicles reached 1.092 million units and 1.1 million units respectively, an increase of 29.6% and 30% year-on-year. New energy vehicles accounted for 44.8% of the total new car sales in August, and from January to August, the production and sales of new energy vehicles reached 7.008 million units and 7.037 million units, with a year-on-year increase of 29% and 30.9% respectively. New energy vehicles accounted for 37.5% of the total new car sales. In August, the sales of pure electric vehicles reached 0.646 million units, an increase of 8.3%, and the sales of plug-in hybrid vehicles reached 0.453 million units, an increase of 81.6%.

Caixin Auto: Plug-in hybrid models in August outnumber pure electric vehicles, showing a strong growth trend.

A 35.3% surge in the loading of power batteries in August.

On September 10, the China Automotive Power Battery Innovation Alliance released data indicating that in August, China's power battery load reached 47.2GWh, a 13.5% increase compared to the previous month, and a year-on-year increase of 35.3%. From January to August, the cumulative power battery load in China reached 292.1GWh, with a 33.2% year-on-year increase. In August, ternary battery load reached 12.1GWh, accounting for 25.7% of the total load, with a 6.8% increase compared to the previous month and a 12.3% increase year-on-year; while lithium iron phosphate battery load reached 35.0GWh, accounting for 74.2% of the total load, with a 16.1% increase compared to the previous month and a 45.6% increase year-on-year.

Caixin Auto: In recent years, under the leadership of Chinese companies, the economic, high security, and long cycling advantages of lithium iron phosphate batteries have become increasingly prominent, showing a strong momentum for resurgence.

Yu Chengdong: Zhijie R7 starts small orders, presale price starts from 0.268 million yuan.

On September 10th, Yu Chengdong, Executive Director and CEO of Huawei's Consumer Business Group and Chairman of the Intelligent Car Solution BU, announced that Zhijie R7 has started small orders with a presale price starting from 0.268 million yuan. Yu Chengdong also said that Zhijie R7 will compete with Model Y with specifications surpassing those of Model X.

Caixin Auto: Can Zhijie R7 drive S7 out of stagnation?

Morgan Stanley: BYD raises full-year sales target to 4 million vehicles.

On September 9th, Morgan Stanley released a research report stating that BYD's management stated that the full-year sales target is 4 million vehicles. Compared with the previous guidance of about 3.6 million vehicles, this means that the monthly sales from September to December will be approximately 0.418 million vehicles (August was 0.373 million vehicles). It is reported that the company's management believes that the sales and profit growth in the second half of the year will mainly depend on the DM-i 5.0 model.

Caixin Auto: BYD's overseas journey is creating new opportunities for the company.

Wen Yuanzhihang has been allowed to carry out commercial operation of autonomous driving minibuses in Hengqin.

On September 10th, autonomous driving technology company WeRide, in collaboration with the Urban Planning and Construction Bureau of the Hengqin Guangdong-Macao Deep Cooperation Zone and Zhuhai Hengqin Science and Technology Development Co., Ltd., officially launched the commercial pilot of intelligent network-connected autonomous driving vehicles in Hengqin, starting the operation of autonomous driving minibuses. WeRide has also been officially approved to carry out regular testing of long-distance highly autonomous driving on roads in the Hengqin Guangdong-Macao Deep Cooperation Zone with autonomous minibuses that have 'no safety driver at the driving seat' and 'no steering wheel inside the vehicle'.

This is the first batch of commercial operation projects for autonomous driving minibuses since the establishment of the Hengqin Guangdong-Macao Deep Cooperation Zone, which is of milestone significance.

Starting from 0.1099 million yuan, the new Chery Tiggo 8 PLUS is on the market.

On September 10th, the new Chery Tiggo 8 PLUS and Tiggo 8 PLUS C-DM were officially launched, with a total of 8 models available, with a price range of 0.1099 million to 0.1599 million yuan. The new models are available in 5-seat and 7-seat versions, and are equipped with 1.6T and 2.0T engines. In addition, the hybrid models will be equipped with the Kunpeng 1.5TGDI+DHT power system, with a maximum engine power of 115kW and a peak torque of 220N·m, and a maximum motor power of 150kW.

Currently, the domestic market for fuel-based car models is sluggish. However, Chery still has good product performance due to its years of user base and technological accumulation.

The SAIC Volkswagen Passat 380TSI family is officially on the market, with a limited-time starting price of 0.1599 million yuan.

On September 10th, the all-new SAIC Volkswagen Passat 380TSI family was officially launched, with a total of 5 models available, with a price range of 0.1769 million to 0.2399 million yuan. Among them, the Passat 2025 outstanding limited-time price is 0.1599 million to 0.1799 million yuan, and the Passat Pro limited-time price is 0.1899 million to 0.2239 million yuan. In terms of power, the new car continues the third-generation EA888 engine, with a maximum power of 220 horsepower and a maximum torque of 350 Nm. In terms of transmission, it continues to use a 7-speed wet dual-clutch transmission, with an acceleration time of 0-100km/h in 7.6 seconds and a combined fuel consumption of 6.87L/100km.

The advantage of the Passat lies in its good reputation accumulated over the years.

(Compiled/Commented by Liu Yang, Caixin reporter)